Latest Intown Atlanta and Decatur Real Estate Market Statistics

Steve Palm, Atlanta’s resident “residential” real estate statistics guru over at his firm, Smart Numbers, posted his latest analysis this week. He studied the metropolitan Atlanta submarkets through February, and here are the highlights…

“The year-to-year percent change for homes going under contract has trended favorably so far in 2008. If housing comes back in 2008, this trend will continue to improve and be our first indicator. If it does, it will improve quickly.”

“The monthly year-to-year percentage decline for both single family detached and condos & townhomes are the greatest on record (since the mid-nineties).”

“There were 5,925 expired total single family listings in February. Combined with January’s expired listings, there have been 1,700 more expired listings than the same year ago period. There have been 13,516 expired listings for all single family through February 2008, which is almost as many as there were in ALL 1999.”

When you are reading the reports, remember the following:

Intown Atlantans – your market areas are 21,22,23,24,51,53,31,32, and 33

Decatur folks – your market area is 52

Absorption Reports through February 2008 Area Sales Summary for the Condo, Loft and Townhome Market

Area Sales Summary for the Single Family Market

Steve Palm’s Market Summary Letter for March 2008

Steve Palm’s Charts and Graphs

Call us at The Rootdown Group if we can help you with analysis for your street or community!